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Sep 6, 2012
09/12
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> i'm bill griffith. coming up on "closing bell" should you buy in to the big rally today? we'll talk with investing legend jack bogle. you won't want to miss what he thinks about this rally. google's chief business officer with us today. we'll talk about everything from the possible patent battle with ap toll the new tablet and answer to iphone 5. amazon is seeing a sales spike in california ready to begin collecting sales tax there. will that new tax take a bite out of amazon's bottom line as they're introducing new fire and new kindle. we'll look at that coming up. michele is here to explain the abcs of the ecb seeing you at th
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> i'm bill griffith. coming up on "closing bell"...
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Jun 5, 2012
06/12
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energy is the worst performing s&p 500 sector down more than 10%. >> oh, really? so why does he want to buy the stocks right now? >> why is that? >> steve is with us. wonderful to see you both. >> welcome back. >> oil prices moving down. you want to buy oil stocks but the oil stocks have been moving down with oil prices, steve? >> yeah, we lightened up on the oil names a few weeks ago. we were concerned that an increase in the value of the dollar over the euro and now you look at valuations with the market down 10% and they look too cheap. >> couldn't continue lower, right? >> they could continue lower but if you made the right decision on energy and materials, you've got to buy some back now. global quantatative action and people are positioning for that. you want to go long. >> erin, you acknowledge that this is a fear-driven market right now. you're playing it pretty cautiously, right? >> yes. right now we're looking at more defensive strategies, looking at more high dividend yields and avoiding the risky probability default models as part of our strategy. a co
energy is the worst performing s&p 500 sector down more than 10%. >> oh, really? so why does he want to buy the stocks right now? >> why is that? >> steve is with us. wonderful to see you both. >> welcome back. >> oil prices moving down. you want to buy oil stocks but the oil stocks have been moving down with oil prices, steve? >> yeah, we lightened up on the oil names a few weeks ago. we were concerned that an increase in the value of the dollar over the...
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Apr 17, 2012
04/12
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the fed qe 3, that will destroy the dollar and gin up energy prices. but have you noticed that aaa prices of gasoline have stabilized? >> we very seldom get that before we kick off the driving season. and $30 billion consumer debt by the mild winter. >> so unfortunate. >> not ab offset. and johnny john, johnson & johnson missed on the consumer piece and part of that is crowding out -- >> i got a miss here because of warren buffett, let me apologize to all of you, approbbreviated. >>> obama calls for a crackdown on oil markets. investors are the new target of the president's very old blame game. and coming up later, my exclusive interview with mitt romney, all ahead, and don't forget free market capitalism is the best path to prices and the best path to prosperity. it's the best path to energy prices, free markets will set the price on "kudlow." we'll be right back. fiona here was just telling me that ford dealers sell a new tire like...every five seconds, how's that possible? well, we purchase 3 million a year. you just sold one right now didn't you? t
the fed qe 3, that will destroy the dollar and gin up energy prices. but have you noticed that aaa prices of gasoline have stabilized? >> we very seldom get that before we kick off the driving season. and $30 billion consumer debt by the mild winter. >> so unfortunate. >> not ab offset. and johnny john, johnson & johnson missed on the consumer piece and part of that is crowding out -- >> i got a miss here because of warren buffett, let me apologize to all of you,...
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Sep 12, 2012
09/12
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he's laid out a great plan on energy, which we could be energy independent by 2020, on education, on infrastructure, there's a lot of detail out there and anytime you want to talk more about it, i'm happy to talk about any of those issues in detail. >> good to have you on the program. thanks so much. >> thank you, maria. good to be here. >>> the powder keg that is the middle east on fire again. is it time to finally get serious about not importing so much oil from country that's hate the u.s.? that's next. >>> and then, are we in great danger if the fed makes new moves to support the economy? former counselor and economic adviser chairman martin fine sateen is with me. >>> this car chase in los angeles turned into a scene out of a robin hood movie. the story behind the incredible chase. tdd#: 1-800-345-2550 you should've seen me today. tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. : 1-50 since i've switched to charles schwab..
he's laid out a great plan on energy, which we could be energy independent by 2020, on education, on infrastructure, there's a lot of detail out there and anytime you want to talk more about it, i'm happy to talk about any of those issues in detail. >> good to have you on the program. thanks so much. >> thank you, maria. good to be here. >>> the powder keg that is the middle east on fire again. is it time to finally get serious about not importing so much oil from country...
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Jun 6, 2012
06/12
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what about energy? what about some of the other sectors, technology that have been leaders for this market? >> they don't always seem to lead at the same time. if you want a market that goes higher, you need financials that come back. fngs are getting killed earlier in the year they led the market higher. >> is that the kind of literature that we want for this market right now? >> well, you're going to need that. you're going to need the basic housing markets. not the big home builders who are building apartment houses now. you need to get back to the mom and pop builder gls what happens if moody's downgrades some of the closers? >> it's been widely telegraphed. they don't grade them as much as other people worried about. >> you heard that, too? >> yes. thank you both. always entertaining. as we head towards the close, markets are generating even better gains right now. they are gaining 280 points on the dow. above 12,400.
what about energy? what about some of the other sectors, technology that have been leaders for this market? >> they don't always seem to lead at the same time. if you want a market that goes higher, you need financials that come back. fngs are getting killed earlier in the year they led the market higher. >> is that the kind of literature that we want for this market right now? >> well, you're going to need that. you're going to need the basic housing markets. not the big home...
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Sep 19, 2012
09/12
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clean energy. and cut the deficit. mitt romney's plan? a new 250,000 dollar tax break for... multi-millionaires. roll back regulations on the banks that cratered the economy. and raise taxes on the middle class. president clinton: they want to go back to the same old... policies that got us in trouble in the first place. president obama: we're not going back, we are moving forward. anncr: forward. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let'
clean energy. and cut the deficit. mitt romney's plan? a new 250,000 dollar tax break for... multi-millionaires. roll back regulations on the banks that cratered the economy. and raise taxes on the middle class. president clinton: they want to go back to the same old... policies that got us in trouble in the first place. president obama: we're not going back, we are moving forward. anncr: forward. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped...
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Jun 4, 2012
06/12
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. >>> energy opportunities global brain storm is back. ideas for a better energy future. and solutions far smarter energy mix. energy opportunities in association with shell. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment knows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what y
. >>> energy opportunities global brain storm is back. ideas for a better energy future. and solutions far smarter energy mix. energy opportunities in association with shell. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. wanted to provide better employee benefits while balancing the company's bottom line, their...
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Jul 9, 2012
07/12
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i'd rather play natural gas, southwest energy or a lot of different names, devon energy, better buys. >> nat gas on the upswing of late, three bucks or so for a nice change there. >>> coming up on "halftime," friendly neighborhood spider-man stock trade plus stocks showing life after a big tumble. is green mountainoff back from the brink? kicking off our series next on "halftime." e to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason
i'd rather play natural gas, southwest energy or a lot of different names, devon energy, better buys. >> nat gas on the upswing of late, three bucks or so for a nice change there. >>> coming up on "halftime," friendly neighborhood spider-man stock trade plus stocks showing life after a big tumble. is green mountainoff back from the brink? kicking off our series next on "halftime." e to the west, the greatest empires. then, some said, we lost our edge. well...
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Sep 5, 2012
09/12
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> and finally tonight, my observation on clinton omics and obamanomics. at a time the economic policies of president obama are being debated. clinton will make the case. if we want to return to the boom time, we need to stick with this president. let's take a look. remember, bill clinton never waged a clas warfare. he did raise taxes but he did it in a booming economy and those moves really did help balance the budget. in fact it went to a budget surplus. it's political, not practical. that's one of the big differences. remember, it was on this program that clinton told me directly that the best thing to do was to extend all the tax rates and all the spending programs for a year. it was clinton that orchestrated welfare reform. it was republicans that stood behind him when that deal was made. so tonight's speech will be a good one. he is a gifted speaker and a gifted politician. but if the picture is supposed to make
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> and finally tonight, my observation on clinton omics and obamanomics. at a time the economic policies of president obama are being debated. clinton will make the case. if we want to return to the boom time, we need to stick with this president. let's take a look. remember, bill clinton never waged a clas warfare. he did raise...
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Jul 27, 2012
07/12
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you talk about how important energy is to this country with the energy revolution. you talked about how important a sound and strong dollar is. sometimes mitt romney gets around to that stuff but he doesn't have a coherent message on it. how would you improve the message so romney is clearly on the side of economic growth? >> well, first of all, i think he is steadily improving the message. i think you'll get a message out rochl any f-- of romney for a s dollar. one of the things i've seen with mitt he gets the energy opportunity of north dakota, he gets what's happening with natural gas. he is genuinely on fire about the potential of america to once again be the center of energy in the world and the idea that the north american continent, canada and mexico can be independent of the rest of the world in energy and that would then lead to an enormous renaissance of manufacturing and i think he gets all this. i think you're going see him talking about it more and more in the next few weeks but part of the difference, larry, you got to cover television today. okay. the
you talk about how important energy is to this country with the energy revolution. you talked about how important a sound and strong dollar is. sometimes mitt romney gets around to that stuff but he doesn't have a coherent message on it. how would you improve the message so romney is clearly on the side of economic growth? >> well, first of all, i think he is steadily improving the message. i think you'll get a message out rochl any f-- of romney for a s dollar. one of the things i've...
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Sep 25, 2012
09/12
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. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> it was a crude and d disgusting video. >> there are going to be dumps in the road. in a lot of these places. the one organizing principle has been islam. the lesson i have learned is that you can't change washington from the inside. you can only change it from the outside. >> isn't that what you campaigned on in 2008? >> seems like the main stream media has turned a blind eye on the recent gaffes. ann coulter, latest book "mugged" is available now. and there it is a total picture. first of all, what is he talking about a bump on the road. we had a famous ambassador all killed by a terrorist. >> if jimmy carter said that they might report it. but they won't report it because he is black. the first hundred years they won't treat them l
. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> it was a crude and d disgusting video. >> there are going to be dumps in the road. in a lot of these places. the one organizing...
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Aug 23, 2012
08/12
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pro growth policies, energy policy, energy reform, tax reform, spending cuts to get the deficit down and reforms that get the debt paid off over the long term. that's how we dodge a debt crisis. >> all right. you will hear more of my interview with mr. ryan just moments away. also tonight, breaking news. the financial times reports that the republican platform expects to call for a new gold commission that could restore a link between gold and the dollar. this, of course, is my ultimate king dollar wish. you have heard me say it many times. if there ever was a path to prosperity, it is paved with gold. gold rose 33. the dollar fell and the dow was off 115 points. breaking news. minutes ago florida governor rick scott held a status update on tropical storm isaac. there is a growing threat it could turn into a hurricane that might disrupt the gop convention. here now is florida republican rick scott. welcome back to "the kudlow report." so is isaac coming to tampa or will the show go on, sir? >> the show will go on. i'm doing updates twice a day with the rnc, federal officials, local a
pro growth policies, energy policy, energy reform, tax reform, spending cuts to get the deficit down and reforms that get the debt paid off over the long term. that's how we dodge a debt crisis. >> all right. you will hear more of my interview with mr. ryan just moments away. also tonight, breaking news. the financial times reports that the republican platform expects to call for a new gold commission that could restore a link between gold and the dollar. this, of course, is my ultimate...
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Jul 9, 2012
07/12
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energy equities selling off on global growth concerns. we don't have them behind me but trust me, they are. health care getting a boost today as the nation's second largest insurer wellpoint acquires medicaid coverage amaregroup. cough -- coventry health and aetna. >> as you heard investors are getting desperate in europe to try and, you know, prey serve some of the capital and just make sure they manage to survive in this rather difficult situation of the debt crisis. anyway, for -- of course, we are going to find out more with -- we have a team on standby. we have -- >> analytics josh brown is with us. he says money can be made. he has -- ten reasons, i wish we had time for all ten. you feel that the money can be made at this point. and why you are bullish on stocks at this time. lee munson says it is time to stay diversified. brian shactman and rick santelli. one of the reasons you are bullish on stocks now? >> i think the big reason probably is that -- sentiment. all of this stuff with europe and -- bond prices and no one is saying an
energy equities selling off on global growth concerns. we don't have them behind me but trust me, they are. health care getting a boost today as the nation's second largest insurer wellpoint acquires medicaid coverage amaregroup. cough -- coventry health and aetna. >> as you heard investors are getting desperate in europe to try and, you know, prey serve some of the capital and just make sure they manage to survive in this rather difficult situation of the debt crisis. anyway, for -- of...
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Sep 4, 2012
09/12
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪
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Sep 25, 2012
09/12
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "power lunch." watching shares of deckers outdoor hitting a 2 1/2-year low in today's trade on further concern he is around weak ugg sales, today, cut the price target from 38 to $32 a share. keep in mind, there are large stores in this name, any good news could warrant a short squeeze. today, shares down 7%. back to you. >> thank you, seem ma. all right, welcome back to "power lunch." now to today's yahoo! finance poll. as we told you you can the average s.a.t. scores have hit a modern day low, so who this to blame? 34% of you say poor teaching. 7% say not enough funding. 27% say american pop culture. that's kind of a broad brush. 32% say too many tech distractions. i might go for that one. see what's coming up on street signs. mandy? >> definitely say too many tech distractions. anyway, at t
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "power lunch." watching shares of deckers outdoor hitting a 2 1/2-year low in today's trade on further concern he is around weak ugg sales, today, cut the price target from 38 to $32 a share....
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Mar 7, 2012
03/12
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what's our energy policy? what's our immigration policy in let's balance a budget or pass a budget for the first time in three years. those are the basic functions of government. and i think we expect that from our leaders in washington. >> and you don't feel like we've seen that? >> well, we haven't had a budget in three years. we don't really have clear direction on of at love lot of those areas. in january 2013, the bush era tax cuts expire. we're going to hit the debt ceiling again. and by the way, the mandatory budget cuts that were agreed to at the last debt ceiling deal go into effect. and those are three things that are going to cause business confidence to waver here. >> and do you think that lack of clarity is among the reasons that businesses are not picking up the pace of hiring? is this actually holding them down? >> i think confidence in the future is certainly a factor. and so the lack of clarity by government policy, the question marks about regulation. we've got more dodd frank regulation comi
what's our energy policy? what's our immigration policy in let's balance a budget or pass a budget for the first time in three years. those are the basic functions of government. and i think we expect that from our leaders in washington. >> and you don't feel like we've seen that? >> well, we haven't had a budget in three years. we don't really have clear direction on of at love lot of those areas. in january 2013, the bush era tax cuts expire. we're going to hit the debt ceiling...
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Aug 24, 2012
08/12
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx, or providing the financing to help a beloved san diego bakery expand, what's important to communities across the country is important to us. and we're proud to work with all of those who are creating a stronger future for everyone. >>> so lance armstrong has announced he will no longer fight accusations that he -- during his cycling career. for more on this story joining me now is the co-host of cnbc's sports biz game on. erin, thank you very much. armstrong is calling this an unconstitutional witch hunt. your thoughts? >> he is. i think he feels like he's being gone after. i think a lot of people see him as a hero. so, you know, it's a question of what's righ
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx, or providing the financing to help a beloved san diego bakery expand,...
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Mar 16, 2012
03/12
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he's got to tout energy reform. and, you know, paul ryan's going to release his budget this coming week. so presumably there's going to be a lot of entitlement form and deficit and debt reduction. in other words, i want both of you to weigh in. jimmy, how off message has mitt become? and isn't that going to hurt him? isn't that going to turn people off in this race? i mean, illinois is a basket-case economy, and oil prices, gasoline prices are 4 bucks. >> he's supposed to be the economic candidate, the math he needs to talk about is capping spending at 20%. 20% tax cuts. not 1144 but those two 20s. those are the key numbers he needs to talk about and make sure that every voter knows with some degree of specificity what this guy is going to do to turn around the economy. he should be the man with the plan, not the man with the delegate math. >> bob costa, real quick, the last word, is rick santorum talking about energy and drilling and shale? i mean, illinois's got a lot of energy. >> give santorum a little credit. h
he's got to tout energy reform. and, you know, paul ryan's going to release his budget this coming week. so presumably there's going to be a lot of entitlement form and deficit and debt reduction. in other words, i want both of you to weigh in. jimmy, how off message has mitt become? and isn't that going to hurt him? isn't that going to turn people off in this race? i mean, illinois is a basket-case economy, and oil prices, gasoline prices are 4 bucks. >> he's supposed to be the economic...
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Jun 13, 2012
06/12
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energy costs dropped the most in every three years. is falling oil a signal that we are actually in the middle of a global recession or at least a dose of deflation? meanwhile, if europe goes down, do we go down, too? what's the president going to do about it? here is brian westbury of first trust advisers and michael ozanian, forbes magazine executive editor and co-host of "sports money." i know you're the bull, brian. i have to tell you. you have go straight months of declining retail sales. it will be a lousy second quarter. you're running the best i can find is about a 2% gdp growth rate which is so close to recession, brian, that any little thing drives you into it. >> well, it's 2% away from recession, larry. i don't think 2% is that close. we have had one of the most mild winters. for example, the three months ending in march, building materials were up 17.7% on an annual rate. in the last three months they have fallen almost at a 10% annual rate. we had a really warm winter. we're paying back a little bit. gasoline prices are c
energy costs dropped the most in every three years. is falling oil a signal that we are actually in the middle of a global recession or at least a dose of deflation? meanwhile, if europe goes down, do we go down, too? what's the president going to do about it? here is brian westbury of first trust advisers and michael ozanian, forbes magazine executive editor and co-host of "sports money." i know you're the bull, brian. i have to tell you. you have go straight months of declining...
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Jun 5, 2012
06/12
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> finally, my observation on the interview we just saw with president bill clinton. someone made an interesting remark when comparing president clinton to president obama. the difference between the two, when clinton walks into the room when half of the room is republican and half is democrat, he will walk to the republicans and they will be fans of clinton. barack obama will go to his base. the the last time he came to wall street, he refused to get pictures. clinton was a uniter and obama is criticized for being a divider. he was d
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's...
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Oct 8, 2012
10/12
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energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're
energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%....
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Apr 4, 2012
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i don't want to buy energy. i don't want to buy commodities because the color is rising in this scenario. what about tech? >> tech is actually the biggest part of my portfolio. so i'm sticking with name like qualcomm, which i talked about on the show many times. it's the world's most dominant technology company. not apple. fine company cheap, but qualcomm, because you don't have to pick between the iphone, the blackberry device, or the android. because they're in all of them. i love tech. tech is going to benefit from spending. but i don't is a to be careful. cisco is hurt by government spending. they're pulling back. qualcomm is not. >> michael ozanian, are you a seller right now. >> i'm a seller. i also believe there is going to be another round of quantitative easing. >> we'll leave it right there. thank you very much. coming up, folks, rises republican star, south carolina governor nikki haley. she is a die-hard supporter of business, and she is awful tough on unions. and she'll be here live. but up next, th
i don't want to buy energy. i don't want to buy commodities because the color is rising in this scenario. what about tech? >> tech is actually the biggest part of my portfolio. so i'm sticking with name like qualcomm, which i talked about on the show many times. it's the world's most dominant technology company. not apple. fine company cheap, but qualcomm, because you don't have to pick between the iphone, the blackberry device, or the android. because they're in all of them. i love tech....
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Aug 27, 2012
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trade, energy. major sections on agriculture, government reform that we've got to do if we are going to do something about spending entitlements. >> i know you can't lay out the blueprint. that's a legislative function. is the 20% across the board tax cut, 25% corporate tax rate from 35%. in other words some of the key romney growth measures on taxes, is that explicitly in the platform? >> this is a 50-page platform on 250 issue. it's the big principles. we say heavy we have to cut the corp. t rat income tax. it's the highest in the world. it's killing us for jobs here and an incentive to ship jobs offshore. we talk about tax reform and lowers the rates to promote economic development. fundamental difference between us and the democrats. >> i spoke to my pals at cnbc, some of the stock jockeys that come an at 5:00. thaw want to know about the gold standard. there is a gold commission. >> yes. >> is it making it through and is there follow through on that? >> same that ronald reagan promoted: there i
trade, energy. major sections on agriculture, government reform that we've got to do if we are going to do something about spending entitlements. >> i know you can't lay out the blueprint. that's a legislative function. is the 20% across the board tax cut, 25% corporate tax rate from 35%. in other words some of the key romney growth measures on taxes, is that explicitly in the platform? >> this is a 50-page platform on 250 issue. it's the big principles. we say heavy we have to cut...
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May 31, 2012
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unfortunately, with president obama giving assistance to his political bundlers for failed green energy projects, they're all losers. mr. obama's never experienced a winner. i think that's his problem, that's why he doesn't understand capitalism. he thinks everything he touches loses. which it does. >> it was president obama who said your record as a venture capitalist is something we should look at. romney is considered the best in the world. if you're going to blame romney for the job losses on bain's watch, why wouldn't you give him credit for the job games on bain's watch, which are hundreds of thousands of jobs. >> sure, but he starts counting those jobs even after he left bain, though? >> well, you're counting the job losses after he left bain. also if you look at president obama's record as a venture capitalist, it's one of inexperience, incompetence, and bad results, same as with the presidency -- >> oh, let's make another very basic point -- >> weren't failures, right? >> we've got a free enterprise economy. when private enterprises make investments, they take risks, succeed or
unfortunately, with president obama giving assistance to his political bundlers for failed green energy projects, they're all losers. mr. obama's never experienced a winner. i think that's his problem, that's why he doesn't understand capitalism. he thinks everything he touches loses. which it does. >> it was president obama who said your record as a venture capitalist is something we should look at. romney is considered the best in the world. if you're going to blame romney for the job...
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Jul 16, 2012
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food and drink con tracked which is important because many people were hoping lower energy prices would allow people to spend a little more on discretionary things. that didn't happen. >> that could be the only saving grace. that's a very important point. you have the big tax hike staring us in the face. what about retail gasoline? it's gone nationwide from about $4 a gallon down to $3.40. >> de facto tax cut. that's helping us. it is one of the automatic stabilizers out there. you're right. employment numbers have been lousy. that's a generous number for the employment numbers. uh'm looking for 2 to 2.25% in the second part of the year. that's becoming my optimistic forecast with a lot of down side risk. it's muddling along at best. >> dave, uh want to ask you about q-2. will it be a negative number, positive, 1% number? then i want to go to the third and fourth quarters. >> i think we squeak by at 1%. we kind of have a digital outcome with the selection. as we have discussed we saw in the first quarter a breakdown in the investment machine. we have more profits than ever, but the prof
food and drink con tracked which is important because many people were hoping lower energy prices would allow people to spend a little more on discretionary things. that didn't happen. >> that could be the only saving grace. that's a very important point. you have the big tax hike staring us in the face. what about retail gasoline? it's gone nationwide from about $4 a gallon down to $3.40. >> de facto tax cut. that's helping us. it is one of the automatic stabilizers out there....
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May 21, 2012
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domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... i haand then i have eleven my grandkids. right when you see them, they're yours, it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. >>> president obama's doubling down on his attack against mitt romney's private sector experience. his campaign launching this new ad today attacks romney's record on jobs at bain capital. take a listen to the president at his news conference today. >> the president, as opposed to the head of a private equity firm, and your job is not simply to maximize profits. if your main argument for how to grow the economy is i knew how to make a lot of money for investors, then you're missing what this job is about. >> but will attacking private equity pay off for the president? or should he take some advice from his own surrogate, newark, new jersey, mayor cory booker. take a listen. >> bain capital's record. they've done a lot to support businesses, to
domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... i haand then i have eleven my grandkids. right when you see them, they're yours, it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. >>> president obama's doubling down on his attack against mitt romney's private sector experience. his campaign launching this new ad today attacks romney's...
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Feb 10, 2012
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that will tell us a lot about where the energy is and where the energy can be mustered, but i don't doubt that mitt romney will bring the repeal of obama care. i don't want to diminish any expectations to that. congress needs to pass the repeal of obama cara, gen this year out of the house and send it to the senate and see if they can push a vote in the senate. last time they did that we got a 100% vote among republicans to repeal obama care. it's still out there and it's still insidiously creeping into our liberty. >> iowa congressman steve king, thanks for the rundown. we appreciate it very much. >>> next up on kudlow, if the white house and the senate won't pass a budget how in the world will we ever balance the budget? we'll pursue that in just a moment. "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything." "and i got a one-hundred dollar cash bonus for rolling over by april 16th." "i like bonuses." "plus at scottrade, there are thousands of commission-free investments." "and if i need help, i can find it online, by phone or at one of over five-hund
that will tell us a lot about where the energy is and where the energy can be mustered, but i don't doubt that mitt romney will bring the repeal of obama care. i don't want to diminish any expectations to that. congress needs to pass the repeal of obama cara, gen this year out of the house and send it to the senate and see if they can push a vote in the senate. last time they did that we got a 100% vote among republicans to repeal obama care. it's still out there and it's still insidiously...
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Sep 5, 2012
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> i see the concern in his eyes. and i hear the determination in his voice as he tells me you won't believe what these folks are going through, michelle. it's not right. we've got to keep working to fix this. we've got so much more to do. >> that was first lady michelle obama. an excellent speech last night at the democratic national convention. but more to do. sounded like a lot of government this, government that to me. the question is what exactly is president obama thinking about doing
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader...
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Jun 5, 2012
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the international energy agency says a surge in supplies will see the u.s. overtake russia as the world's biggest nat gas producer by 2017. that's despite the low prices, which, of course, have slowed the pace of drilling. the iea says gas could displace coal as the leading fuel source for the u.s. power industry in as little as five year. global demand will rise. china is expected to lead that demand. the ceo of the world's biggest energy company says nat gas isn't worth investing in. exxon mobil's rex tillerson on cnbc earlier this morning making his case. >> if you look at the cost of developing incremental supplies of natural gas in the u.s., it's pretty difficult to justify investments with prices this low. in terms of being sufficient to support long-term investment in new and ongoing supplies, that'll be difficult at this price. >> well, let's check how the big nat gas players are doing this year. apache and chesapeake down the most by more than 20%. that's followed closely by bp, exxon and devon energy. should you put your money in that? ty? >> dan f
the international energy agency says a surge in supplies will see the u.s. overtake russia as the world's biggest nat gas producer by 2017. that's despite the low prices, which, of course, have slowed the pace of drilling. the iea says gas could displace coal as the leading fuel source for the u.s. power industry in as little as five year. global demand will rise. china is expected to lead that demand. the ceo of the world's biggest energy company says nat gas isn't worth investing in. exxon...
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Jun 4, 2012
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we like lower energy but maybe it's a sign of front edge of recession, jim. that troubles me a bit. >> remember, there's two kinds of dollar appreciation and this is the one where it looks like people are just hiding, looking for cover, and that's the one that i don't like. if people are investing in the dollar because we represented the best global opportunity, then that would be great and i believe in the fall, that's going to come a time but right now, things don't look as good to me. the one thing i disagree with ron with is that it doesn't seem like europe's giving us any reason to think they're going to make a rational and come to the right decision. to me it still seems there's a solid possibility for a calamitous end there. i want to be short, mildly short the stock market because there still is one reason to not be all in on the short side and that is fed policy decisions, particularly a coordinated central bank decision -- >> ron, it didn't sound to me like jim is banking on a 1600 s & p. >> well, no. i didn't say 1600, i say that you can have -- yo
we like lower energy but maybe it's a sign of front edge of recession, jim. that troubles me a bit. >> remember, there's two kinds of dollar appreciation and this is the one where it looks like people are just hiding, looking for cover, and that's the one that i don't like. if people are investing in the dollar because we represented the best global opportunity, then that would be great and i believe in the fall, that's going to come a time but right now, things don't look as good to me....
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Aug 31, 2012
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. >> i think the energy deregulation is terrific. i think the school of choice is terrific. i think the balanced budget is terrific. if you're talking growth you've got to talk taxes. taxes give everybody a break. the left doesn't like it, so they are trying to make a hullabaloo. tax gives everybody incentive, reward and it frees up the economy. >> just one point, larry. you've got to give the president credit for talking about trade, especially with this president. to have someone step out and say it's time to tear down the american need not apply signs around the world, let us compete. >> i give him credit. >> extra points for that. >> i would like him to use your monetary stability act and talk about the gold commission also. >> yes, sir. >> that's important. let's look at the overall grading here. i give him a b. kevin brady gives him an a. dick armey gives him a b plus overall. dick, b plus, very lenient. >> well, again, remember i i'm grading on the curve that has obama. he's also got a handicap here because he's being so much surrounded now by political consultants. h
. >> i think the energy deregulation is terrific. i think the school of choice is terrific. i think the balanced budget is terrific. if you're talking growth you've got to talk taxes. taxes give everybody a break. the left doesn't like it, so they are trying to make a hullabaloo. tax gives everybody incentive, reward and it frees up the economy. >> just one point, larry. you've got to give the president credit for talking about trade, especially with this president. to have someone...
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May 30, 2012
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in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> the a-listers at davos included 28 heads of state, and about 1,000 ceos, all lining up to see one man, >> professor. >> how are you? >> a little-known german business professor who started the forum back in 1971. professor klaus schwab greets presidents and rock stars, but as we tried to catch up with him, schwab told us that titles don't matter at his forum. >> you have to send your ego home, and you re-find it when you come back. >> but not here. >> not here. not here. >> after 40 years, schwab is still the head of the nonprofit foundation that stages the forum. your office is behind the xerox machine and a coffee maker. >> exactly. like we are very tight. >> his forum works like nothing else in part because it isn't formal or official. it turns out people who can't be seen together in public can meet here. in 1989, north and south korea spoke for the first time at davos. when the berlin wall fell, german unity s
in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> the a-listers at davos included 28 heads of state, and about 1,000 ceos, all lining up to see one man, >> professor. >> how are you? >> a little-known german business professor who started the forum back in 1971. professor klaus schwab greets presidents and rock stars, but as we tried to catch up with him,...
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Jun 6, 2012
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could be energy self-sufficient in 2012 but there are policy challenges as well. the chairman of ihs energy was talking about this to us and he said that the developments of the shale gas industry could be transformative for the u.s. economy. >> people talk about when will shale gas come. it's here. it's 30% of u.s. production already. it's brought down prices and i think the change is not only changed the supply outlook putting the u.s. in a position as an exporter but the economic impact it's having in terms of job creation, in terms of economic development. >> so the challenge is coming from the policy front, clearly need to see more direction from washington. oil and gas, energy policy is bound to become a central campaign issue for both parties. we already seen the american petroleum institute on the campaign agenda. it will be interesting to see if we get any clarity on the policy front on this very dynamic issue. back to you. >> all right. meanwhile china's largest nuclear plant developer may be looking to generate not just energy but a whole lot of cash an
could be energy self-sufficient in 2012 but there are policy challenges as well. the chairman of ihs energy was talking about this to us and he said that the developments of the shale gas industry could be transformative for the u.s. economy. >> people talk about when will shale gas come. it's here. it's 30% of u.s. production already. it's brought down prices and i think the change is not only changed the supply outlook putting the u.s. in a position as an exporter but the economic...
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Sep 6, 2012
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. >> energy policy. >> the economy number two. >> health care policy, particularly medicare. >> the economy number three. >> how much government do you want? >> austerity or stimulus? >> what's the tax code six months from now? >> the markets are watching this election closely. >> who better than cnbc to cover the economy? >> these are our issues. >> no one has the coverage we do. >>> president obama takes the stage in charlotte. the theme will be promises kept. it makes me think it could be a short speech. we have atlanta mayor kasim reed and former mississippi governor haley barbour, a founding partner of bgr group. your judgment has president obama kept his promises on unemployment. he said it would be down to 6%. as you know it's at 8 .3. >> he kept the country from plummeting into a great depression. i think bill clinton laid out how grave the circumstances are. i think the american people understand it clearly and we'll hear about it tonight. >> governor barbour, i will give you a shot at the same thing. they said unemployment would drop to below 6% if the stimulus package went throug
. >> energy policy. >> the economy number two. >> health care policy, particularly medicare. >> the economy number three. >> how much government do you want? >> austerity or stimulus? >> what's the tax code six months from now? >> the markets are watching this election closely. >> who better than cnbc to cover the economy? >> these are our issues. >> no one has the coverage we do. >>> president obama takes the stage in...
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Oct 17, 2012
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> >>> welcome back. do president obama or mitt romney have a plan to reduce the country's debt. >> the former treasurer focused on helping the deficit problem and david walker with a group also devoted to fixing our debt and deficit. good evening. >> good to be with you. >> david, mitt romney and the president have been criticized for not giving enough specifics to their plans. who has more water to carry tonight? >> both of them have water to carry. they need to state what their goal is, principles, priorities and provide a little bit more substance on proposals? you can't talk in as many jen altys with regard to tax reform, health care, social security and defense as we've heard so far and both of them have work to do, i believe. >> phil, what will the president say in terms of his plan in reigning in the debt? >> well, i think he's going to talk about
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> >>> welcome back. do president obama or mitt romney have a plan to reduce the country's debt. >> the former treasurer focused on helping the deficit problem and david walker with a group also devoted to fixing our debt and deficit. good...
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May 7, 2012
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domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we're bringing humanity back to life insurance. that's why only aviva rewards you with savings for getting a check-up. it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement.
domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we're bringing humanity back to life insurance. that's why only aviva rewards you with savings for getting a check-up. it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. in that time...
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Jun 18, 2012
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russia is an energy super power deploying major combat elements. combined arms, the marines from the black sea fleet on their way to syria. this is boots on the ground. there will be perhaps 400 aircraft involved. specialists, gru units, everybody who knows special forces this is the russian equivalent. the scenario they are entertaining is in the event of an intervention from the western north and syria. they are making it clear there will be no military option ffr the united states. there is no option for the u.s. at all. >> they are in effect completely defending and protecting the brutal murderer assad. that's what they are doing. in so doing, john, they are completely protecting iran which is essentially the syrian banker, is it not? >> correct. iran and syria are linked. russia is committed to both. they are buffer states in the middle east. there are reasons for this historical. let's speak to the election. this is a severe setback for the obama administration. when and if the military exercise takes place it is clearly in the face of the ob
russia is an energy super power deploying major combat elements. combined arms, the marines from the black sea fleet on their way to syria. this is boots on the ground. there will be perhaps 400 aircraft involved. specialists, gru units, everybody who knows special forces this is the russian equivalent. the scenario they are entertaining is in the event of an intervention from the western north and syria. they are making it clear there will be no military option ffr the united states. there is...
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Oct 4, 2012
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energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal. i want to make sure we continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. and finally with regards to that tax cut, look. i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there'll be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. but i do want
energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal....
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Aug 16, 2012
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now to cnbc contributor addison armstrong of tradition energy. i'm not sure i really understand this. we are awash in oil. inventories are high. the saudis are pumping out 10 million barrels a day. we have been in a trading range for both gasoline and oil. what are you telling me here? >> well, you know, you're right on the inventory story. the trading range, i think, is getting a little bit -- you know, we're pushing it. today was the first day since may that heating oil, gasoline, brent crude, wti, all closed at the lowest levels since may. interesting to me that the announcement came out today of all days. i will say i think there is a good element of jawboning going on here. the whole idea of the spr release was to put more pressure on iran in the run-up to the embargo against imports to europe. what's happened is the oil price has gone up tremendously since may. brent is up 20%. wti up 23%. the iranians may sell less oil but it is a higher price. >> well, that's very unfortunate. what about the saudis pumping 10 million and what about our fr
now to cnbc contributor addison armstrong of tradition energy. i'm not sure i really understand this. we are awash in oil. inventories are high. the saudis are pumping out 10 million barrels a day. we have been in a trading range for both gasoline and oil. what are you telling me here? >> well, you know, you're right on the inventory story. the trading range, i think, is getting a little bit -- you know, we're pushing it. today was the first day since may that heating oil, gasoline, brent...
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May 11, 2012
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on the same day you have jpmorgan, you have the evolving story of chesapeake energy. people pick up the papers and those are front-page news and they're saying, wait a minute, i was supposed to be able to trust jamie dimon. it was the best bank. it navigated 2008 and 2009. and here we see, it's nothing more than a large hedge fund. that's the thought process. i don't know if i agree. i'm a shareholder, but i'm not a happy shareholder. and right now i'm debating what to do with my position. >> zach karabell, i want to ask you what this means, the dollar, my king dollar, is very strong. and as you might expect, because it's strong, oil prices, i believe, hit $96 today, crude oil. that's a low for the year. gold falling into the 1,500s. and treasury rates, what, 1.9%. is this a deflation issue? strong dollar, weak gold and commodities, and strong treasury bonds, but low rates. what's this mean to you? >> look, there is certainly a degree of global deflation in that the continual progressive effects of technology are to lower the cost of goods or to increase the ability t
on the same day you have jpmorgan, you have the evolving story of chesapeake energy. people pick up the papers and those are front-page news and they're saying, wait a minute, i was supposed to be able to trust jamie dimon. it was the best bank. it navigated 2008 and 2009. and here we see, it's nothing more than a large hedge fund. that's the thought process. i don't know if i agree. i'm a shareholder, but i'm not a happy shareholder. and right now i'm debating what to do with my position....
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Jul 23, 2012
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energy dax down and ftse 100 not spared. if you want to know what's causing a lot of this action consider for example the hard line germany seems to be taking with greece saying i want doesn't apartment third bailout for the country it doesn't like the way things are going. you consider the case of greece and how poorly that effort has gone and think about what happens if spain is next in line you get a sense of why people are concerned. remember even if we have comments from spain's finance minister saying the country needs and trying to break the link between sovereign risk' banking riching, if the sovereign is the problem, if there's weak growth, if there's no funds to help rescue the country it doesn't matter what's happening separately with the banking system. clearly it does matter for shares of these companies down across the board, huge loss. take a look at uni credit down 7%. trade was suspended in some italian banks. paolo down and deutsche bank more than 5%. the french bank down more than 7%. quick look what's hap
energy dax down and ftse 100 not spared. if you want to know what's causing a lot of this action consider for example the hard line germany seems to be taking with greece saying i want doesn't apartment third bailout for the country it doesn't like the way things are going. you consider the case of greece and how poorly that effort has gone and think about what happens if spain is next in line you get a sense of why people are concerned. remember even if we have comments from spain's finance...
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Jun 5, 2012
06/12
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there's deflation of commodities, including energy and gasoline. that sounds good, but why -- >> monetary base really grew a lot so it ticked down a little bit, i think because people really think it's close to recession. normally in this environment you would see something like the dow transports take off on the stronger dollar and lower fuel prices. that hasn't happened. i think that's a cautionary sign. >> are we in a recession? michael thinks bill clinton is a good forecaster. you think we're in a recession? >> i think no, but we get precariously close. we are getting close to stall speed. >> 2% growth is really -- anything goes wrong, you're in a heap of trouble. >> it takes one little blip to have things go wrong. >> we need faster growth to get this stock market growing. >> absolutely. the national income account shows profits from current production actually fell in quarters and profits are the mother's milk of recovery. that's a bad sign. >> very good, fellows. thanks. that's it for tonight's show. special programming note for tomorrow, my
there's deflation of commodities, including energy and gasoline. that sounds good, but why -- >> monetary base really grew a lot so it ticked down a little bit, i think because people really think it's close to recession. normally in this environment you would see something like the dow transports take off on the stronger dollar and lower fuel prices. that hasn't happened. i think that's a cautionary sign. >> are we in a recession? michael thinks bill clinton is a good forecaster....
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Sep 19, 2012
09/12
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make energy an important part of this nation. energy is what will bring back manufacturing jobs. if you can do petrochemicals from gas you will take that whole marcellus field and turn it into a huge petrochemical complex that will serve the dows and duponts of the world. >> we thought we were doing that with renewable agency, but that's what happens when the government picks winners instead of letting the market. >> solar doesn't count. wind is 2%. the subsidies are $700 a
make energy an important part of this nation. energy is what will bring back manufacturing jobs. if you can do petrochemicals from gas you will take that whole marcellus field and turn it into a huge petrochemical complex that will serve the dows and duponts of the world. >> we thought we were doing that with renewable agency, but that's what happens when the government picks winners instead of letting the market. >> solar doesn't count. wind is 2%. the subsidies are $700 a
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Jul 26, 2012
07/12
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cut tacks, deregulate energy and balance the budget. those are his key bullets and i reordered them a little bit to help out. >> the kudlow prioritization. i love it. >> that's what i do. he's done a good job on that. i don't understand something keith boykin said. i was looking at the gallup poll. it's true romney's likeability or whatever is low. i don't get that and i'm being serious. i have interviewed him four, five times. i have had a chance to talk with him, visit with him. i find him to be a fine person, a likeable person and a hard-working person. why do the numbers show otherwise? what am i missing and keith understands. >> i work for romney. i have had the chance to see him up close and personal. he's all those things and more. the candidacy will reveal that for romney. in 12 states around the country the obama campaign spent $100 million plus beating the crap out of romney on trumped up charges about things he wasn't responsible for after he left bain capital. >> oh, come on. >> you have seen movement on his negatives. in th
cut tacks, deregulate energy and balance the budget. those are his key bullets and i reordered them a little bit to help out. >> the kudlow prioritization. i love it. >> that's what i do. he's done a good job on that. i don't understand something keith boykin said. i was looking at the gallup poll. it's true romney's likeability or whatever is low. i don't get that and i'm being serious. i have interviewed him four, five times. i have had a chance to talk with him, visit with him. i...
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Aug 28, 2012
08/12
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we consume 30% of this nation's energy output. so affordable and reliable energy are critical components to manufacturing. by the way, i was going say 20% figure, becky does not include the cost of labor. these are just policies that we put on ourselves. >> jay, let's talk about energy. we had boone pickens on last week. you heard politicians say they would help the nation become energy independent. he's frustrated with his own attempts over the last four years. what would you specifically like to see in terms of an energy policy and what do you think of the two candidates, their plans to put forth? >> the most important thing for manufacturers is we have an all of the above approach. we take advantage of every type of energy production we can. so things like the keystone excel pipeline that was denied by the obama administration earlier this year, those are things that are extraordinarily important for a sustained and reliable energy supply in this country. the shale gas revolution is vital to manufacturing's future. the romney c
we consume 30% of this nation's energy output. so affordable and reliable energy are critical components to manufacturing. by the way, i was going say 20% figure, becky does not include the cost of labor. these are just policies that we put on ourselves. >> jay, let's talk about energy. we had boone pickens on last week. you heard politicians say they would help the nation become energy independent. he's frustrated with his own attempts over the last four years. what would you...
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Jun 8, 2012
06/12
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, texas energy, low taxes, that's really where the growth is coming, so there's this dramatic, you know, difference when you have numbers going this way and a few stays going this way, and are multiples of dr, and a related point is he has the causality reversed. state and local governments did fine. they had a tlood of revenue. we don't have consumer demand, because we don't have jobs. >> what we don't have now is investment. that's why that second part of that -- it's the tax cliff we've got to -- >> businesses are sitting on $2 trillion worth of capital, they're not investing, interest rates are historically low. >> why? because he wants to raise capital gains taxes. >> the same as they were in the bush administration, what are you talking about? >> this is the worst recovery in the post-worrell war ii period. our job creation and gdp growth is about half of what is normal. i want to ask you this point, because related to this, he says this about the private sector, then he spends the rest of the day walking it back. this is a man who is not at ease talking about the economy. i think
, texas energy, low taxes, that's really where the growth is coming, so there's this dramatic, you know, difference when you have numbers going this way and a few stays going this way, and are multiples of dr, and a related point is he has the causality reversed. state and local governments did fine. they had a tlood of revenue. we don't have consumer demand, because we don't have jobs. >> what we don't have now is investment. that's why that second part of that -- it's the tax cliff...
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Jun 1, 2012
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. >> i would slightly disagree with the fact a lot of people are looking for opportunities in the energy area now with the availability of gas at much lower prices that i think will not only help manufacturing and i think people are looking into making investments in petro chemicals because the cost of energy has come down so much, we're changing the way maybe we do transportation, long haul trucks and fleet trucks are switching over to natural gas. i think there is a willingness to make some of those investments. they may not be the very long term ones but if you invest in a new set of fleet trucks, if you're fedex or some company like that, that looks like a good investment right now. >> it's basically a one-shot effect -- >> we could use a one-shot effect right now. >> i know. it's essentially the fact that shale and gas has basically become a very critical issue and fracturing as a technology has made a huge respect with respect to oil. north dakota is unbelievable. there's a turn that's coming here and that the gas bonanza is basically a discount knewity. it's a big deal in pennsylv
. >> i would slightly disagree with the fact a lot of people are looking for opportunities in the energy area now with the availability of gas at much lower prices that i think will not only help manufacturing and i think people are looking into making investments in petro chemicals because the cost of energy has come down so much, we're changing the way maybe we do transportation, long haul trucks and fleet trucks are switching over to natural gas. i think there is a willingness to make...
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Jun 6, 2012
06/12
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it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> breaking news this morning. cnbc's kate kelly joining us with that news. >> thanks, andrew. morgan stanley, after a lot of consideration and a look at the regulatory landscape they're finding themselves in is considering a partial sale of its commodities unit. they may want to bring on a minority investor to this unit, long one of their strong suits, a big moneymaker, although the last couple of years the pace has slowed a little bit. but they would talks with a variety of parties so far this year. i'm told the talks are very early stage. no deal is imminent. they have talked to the blackstone group about the possibility of some sort of investment. they've also talked about the possibility o
it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> breaking news this morning. cnbc's kate kelly joining us with that news. >> thanks, andrew. morgan stanley,...
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Apr 3, 2012
04/12
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do we have an energy policy that doesn't work? you're exactly right. >> thank you very much for your time. >> coming up being larry kud loch has ten commandments for growth. more than 150 million professionals are connecting here. linkedin connects with the big board. you know, those farmers, those foragers, those fishermen.... for me, it's really about building this extraordinary community. american express is passionate about the same thing. they're one of those partners that i would really rely on whether it's finding new customers, or, a new location for my next restaurant. when we all come together, my restaurants, my partners, and the community amazing things happen. to me, that's the membership effect. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> we're back this morning. nice shot of washington there. just a quick
do we have an energy policy that doesn't work? you're exactly right. >> thank you very much for your time. >> coming up being larry kud loch has ten commandments for growth. more than 150 million professionals are connecting here. linkedin connects with the big board. you know, those farmers, those foragers, those fishermen.... for me, it's really about building this extraordinary community. american express is passionate about the same thing. they're one of those partners that i...
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Sep 6, 2012
09/12
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of course, combined with the belief that there's a fair amount of energy resources around some of those rocks that also obviously attract a lot of countries to make claims on south china sea, but at the same time the trade and investment relationships, apart from apec, are so close now especially within the region and they're so dependent on each other with china in the middle of it, i think most governments will think twice about going too far. there's always the danger that the emotions could get the best of them, but i hope not and i don't think so. >> i wonder, too, what the significance of this being in russia is. when you think of asia pacific, you don't think of russia. is this an attempt by russia to draw attention more broadly to its trade efforts throughout the region as it joins the wto or is there significance here that it's looking more eastward? >> well, russia is looking more eastward. what they have to offer now is pretty limited. obviously energy resources, but it still has a long way to go, including the development of the russian far east itself. however, as you proba
of course, combined with the belief that there's a fair amount of energy resources around some of those rocks that also obviously attract a lot of countries to make claims on south china sea, but at the same time the trade and investment relationships, apart from apec, are so close now especially within the region and they're so dependent on each other with china in the middle of it, i think most governments will think twice about going too far. there's always the danger that the emotions could...